SniperForexTrader

YO Traders!,

Today was a busy, snowy day here in Montreal, winter is definitely here and will stay for few months.

With a Bearish trend in the mid term (few days or weeks) for the EUR/USD pair, I am now looking for sell short entries, however who said we can not execute trades against the trend ?, after all price has to move up and down right?…(at least that is my philosofy).

So with that in mind, I’ve been waiting for a good opportunity to buy long, but it had to be a real good signal, I am tired of loosing and had to recover all my previous profits due to several losses that could have been avoided!.

Look at the picture and see how yesterday at 15,00 pm price stoped moving to the downside, retested that level of support at 1.4969 and during the Asia and London session it went to the upside some 100 pips.

With a cup of coffe and breakfast beside me I opened my charts this morning and found out that trade that I have missed, however I don’t really care what happened in Forex after the NY session becase I have a life to live right??.

The beauty of  Forex is that we have always a new chance and mine came at 13,00 pm today (after lunch), with a Doji confirming once again support at 1.4669, honestly I did not doubt and pulled the trigger and bought at 1.4695.

While at work I waited a couple of hours and noted that an area of resistance was formed at 1.4748, and it is normal right ?, after NY closes the market is pretty quiet until Asia opens, so I went ahead and took 40 pips profit at 1.4735.

Definetly a trade “a la Nison”,  dedicated to you Master.

Max Ramirez